Wayfair Inc. (W) SVP John Champlin Mulliken Sells 2,970 Shares
Wayfair Inc. (NYSE:W) SVP John Champlin Mulliken sold 2,970 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $39.51, for a total value of $117,344.70. Following the completion of the sale, the senior vice president now directly owns 219,785 shares of the company’s stock, valued at $8,683,705.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Wayfair Inc. (NYSE:W) opened at 41.56 on Tuesday. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00. The firm’s market cap is $3.53 billion. The company’s 50-day moving average price is $40.33 and its 200-day moving average price is $40.40.
Wayfair (NYSE:W) last released its earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The firm had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. During the same period in the prior year, the business earned ($0.15) EPS. The company’s quarterly revenue was up 60.0% on a year-over-year basis. On average, analysts anticipate that Wayfair Inc. will post ($1.67) EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in Wayfair by 134.8% in the second quarter. Baillie Gifford & Co. now owns 1,509,644 shares of the company’s stock worth $58,876,000 after buying an additional 866,829 shares in the last quarter. Samlyn Capital LLC purchased a new position in Wayfair during the first quarter worth approximately $31,237,000. Emerald Acquisition Ltd. purchased a new position in Wayfair during the second quarter worth approximately $20,508,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Wayfair by 99.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 640,840 shares of the company’s stock worth $24,993,000 after buying an additional 320,074 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Wayfair by 60.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 708,000 shares of the company’s stock worth $27,612,000 after buying an additional 268,000 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on W. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Vetr raised Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 target price for the company in a research note on Wednesday, September 14th. Pacific Crest reaffirmed an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Oppenheimer Holdings Inc. reaffirmed a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. Finally, Wedbush cut their target price on Wayfair from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.49.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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